Where can I find the statements of earnings for Itan Franchising, Inc.'s financial statements?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of iTan Franchising, Inc., which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of earnings, stockholder's equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of iTan Franchising, Inc. as of December 31, 2024 and 2023, and the results of its activities and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the statements of earnings for Itan Franchising, Inc. are included in the company's audited financial statements.
The Independent Auditor's Report indicates that the audit encompasses the balance sheets as of December 31, 2024 and 2023, along with the related statements of earnings, stockholder's equity, and cash flows for the years then ended. The auditor's opinion confirms that these financial statements present fairly the financial position, results of activities, and cash flows of Itan Franchising, Inc. in accordance with generally accepted accounting principles in the United States of America.
These statements provide a comprehensive view of Itan's financial performance and position, offering prospective franchisees insights into the franchisor's financial health and stability. Reviewing these statements is crucial for understanding Itan's revenue, expenses, profits, and cash flow trends, which can help in assessing the overall risk and potential return of investing in an Itan franchise.